Seems that Russian president, Vladimir Putin, is holding Europe to ransom over gas supplies via pipelines that run from Russian gas fields into most of Europe.
There is a massive shortage of Liquified Natural Gas (LNG) both in Asia and Europe, with prices surging to as high as £45/tonne, which will result in rocketing wholesale prices once the onset of Autumn and Winter befalls Western Europe.
Putin knows this, and what he has done is reduce the flow of gas through Ukraine and Poland, thus upping the price even more, but also bringing about his true purpose of forcing the EU to use his fledgling “Nord Stream 2” (NS2) supply line.
The key thing about this is the new pipeline begins in Russia but bypasses Ukraine and Poland, and goes straight into Germany, thus completely isolating Poland and Ukraine, as well as threatening the populations with little or no fuel during the exceptionally cold winters there.
Not only does he want the EU to commission NS2, but he wants his state-controlled company, Gazprom, to have unilateral control over supplies into Europe, thus holding the EU to ransom not only on a social level (people freezing in winter), but also the stock markets and economies of nearly all European countries including the UK.
What does this mean for the UK? Well we still have some independence thanks to North Sea pipelines and LNG terminals that we have complete autonomy over. However, we also depend on “EU Interconnectors”, which the UK falls back on in case of supply problems or extra demand.
Given that the EU detests the UK ever since Brexit (and probably long before!), they could hold us to ransom as well. The UK is not quite so dependent/bothered about Putin’s NS2 directly, but it will be bothered if Gazprom ramps up prices, reduces supply of LNG into Europe, thus forcing EU States to look after its own people first before handing over any scraps of LNG to the UK at a premium price!
Ultimately, it will mean higher wholesale prices, higher petrol prices, higher domestic and commercial gas prices, which will ramp up inflation, thus hitting an already wobbling UK economy to potentially crash and burn come winter.
We could fall back on the nuclear power station option, but that means getting China involved. Or we could try re-opening decommissioned coal mines given that we have an estimated 400 years’ worth of fossil fuels buried deep. But Boris, his Princess NutNut, Greta and the Green cunts would soon put a stop to that idea!
Instead we can always rely on windmills, solar power, tidal forces and planting lots and lots of trees to see us through winter.
Just another piece of the “Build Back Better” jigsaw fitting nicely into place!
Putin holds Europe to Ransom over NS2
(Paywalled, but a quick Google will do the biz equally as well)
Nominated by – Technocunt




